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Bank will allow its customers to hold and use Bitcoin and other Cryptocurrency

 Bank will allow its customers to hold and use Bitcoin and other Cryptocurrency



Bitcoin transactions are very slow and transaction fees are so high, this aset is good for store of value and maybe replace gold one day.

While investing is a long term endeavor based on the buy - and - hold strategy. Trading is meant to exploit short term opportunities. The Cryptocurrency and Bitcoin market is Volatile. This means the prices of assets can increase and decrease in price dramatically over the short term. don’t say no to your success because you are scared. Those are the words of trading principles. You will never make it without trying. 

Will be interesting to see how this goes From a systems perspective. If it’s anything like the multi Forex travel card experience then there will be UX pushback. If they can get it right, it will really put moment behind mainstream adoption. This is good, it gives that social proofing,credibility, legitimacy for others to have more confidence and follow.

this will change bank views on cryptocurrency businesses 

this will change bank views on cryptocurrency businesses


Cryptocurrency is not about only money, it’s about the new way of life.As of Monday afternoon, Dogecoin, which launched in 2013 as a joke, had market value of over $35 billion, while a token called Shibainu which launched in 2020 to poke fun at Dogecoin, had a market value of over $38 billion. The value of these are largely driven by the vocal communities behind them. The growth of these is not due to its utility but by supporters "hyping them up. Bitcoin has a limited supply, which allows for built-in scarcity by design, and because of this, is seen as a store of value by its holders.i look at these altcoins and what drives their growth and the risks for investors.

The commonwealth Bank will allow its customers to hold and use bitcoin and other cryptocurrency.the move will make CBA the first Australian bank  and one of just a handful of banks worldwide  to offer customers access to  cryptocurrency  which are created digitally with no physical form and are challenging traditional banking systems and fiat money via James Eyers .The Australian Financial review.The bank is Collaborating with Tyler and Cameron Winklevoss company Gemini trust to offer this service.It is believed Mr Winklevoss and Mr Winklevoss  most known for suing Facebook founder Mark Zuckerberg for intellectual property theft  have made over $1 billion from Bitcoin.

We will be talking the convergence of fintech, financial services and digital assets . good time to see the signs. Almost 1000 people have signed up to be there.Will be interesting to see how this integration goes. If it’s anything like one of the travel cards where you can hold different FOREX . These users will not do poor. What do you think about the development of this digital money business? please comment..1!.

by booble people

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